Robinhood Chain Launched for Real-World Assets — Then CASHCAT Took Over in a Week

Integrations at Launch

• Uniswap went live on day one with full support for v2, v3, v4, and UniswapX, becoming the primary AMM on the chain.
• Chainlink launched as the official oracle and cross-chain infrastructure provider from block zero.
• BitGo was listed as a custody and infrastructure partner at mainnet launch.
• Alchemy was confirmed as a node and infrastructure provider.
• No direct evidence was found confirming Pump.fun integration in the search results.

The CASHCAT Memecoin Frenzy

CASHCAT, a community-deployed memecoin named after Robinhood's former corporate name "CashCat," became the first breakout asset on the chain just one week after launch. The token surged 1,600–1,900% in 24 hours on July 8, reaching a market cap of roughly $117–$120 million and a token price around $0.112–$0.13. Trading was fueled by heavy whale buying and speculation tied to the wallet of prominent crypto influencer "Ansem." Some sources reported the 24-hour surge at 718% with a market cap over $68 million, while others reported 1,700%+, reflecting volatile intraday price action.

Daily DEX Volume Milestone

On July 8–9, daily DEX trading volume on Robinhood Chain exceeded $560 million, up roughly 10x from prior days. By one report, volume reached $333 million per day and was climbing past $500 million within the same period.

Total Value Locked and Stablecoin Supply

The ecosystem TVL reached $38.79 million by July 3, with Robinhood's own DeFi product contributing $12.17 million, followed by Morpho ($9.75M), Spark ($8.48M), Uniswap ($5.49M), and Maple Finance ($1.52M). By July 8–9, the total value locked had grown further, with $267.26 million in stablecoin supply deployed on the chain — a 155% increase in seven days. Stablecoins accounted for 93% of the chain's total value settled. The dominant stablecoin was USDG (issued by Paxos Digital Singapore), which made up ~69% of the stablecoin supply. DeFi liquidity across 13 protocols reached $84.48 million, ranking Robinhood Chain #30 by liquidity depth.

Vlad Tenev's Reversal on Memecoins

Just days before the CASHCAT explosion, on July 2–4, Tenev told CNBC that memecoins "lead the market to a dead end," that assets without practical use create "no value," and that the future of crypto is RWA tokenization. Four days later, on July 8, after CASHCAT's surge drove massive on-chain activity, Tenev publicly reversed course, stating: "While we're building Robinhood Chain to be the best chain for RWA, it works great for memes too." He confirmed the network now supports both RWAs and speculative memecoins, and that the chain had expanded with tokenized stocks, stablecoin lending, and perpetual futures.

Dual Identity vs. Coinbase's Base Chain

Unlike Base — Coinbase's L2 that has largely embraced memecoin culture as its primary on-chain activity — Robinhood Chain was initially framed as a purpose-built RWA settlement layer for tokenized stocks and real-world assets. The CASHCAT frenzy created what analysts described as a "split personality": the chain serves institutional-grade RWA infrastructure on one side and speculative retail memecoin trading on the other. Tenev explicitly embraced this duality in his July 8 statements. The rapid onboarding of stablecoin liquidity and DEX volume positions Robinhood Chain as both a legitimate DeFi corridor and a meme casino, mirroring but also differentiating from Base's trajectory.